Recent advancements in technology have impacted the majority of industries around the globe. The contemporary casino gambling industry is no exception. High-tech, stylish casinos are popular among consumers of all backgrounds, professions and economic levels. Online casino games are more available than ever before due to the rapid expansion of the internet.
With the common use of the latest smartphones and mobile digital devices, internet-based gaming is extremely popular. A large segment of the world’s population now engages in online casino game playing on a regular basis. To meet this high volume demand, the casino gambling industry has embraced the use of adaptive integration of sophisticated technology. Both in-house and online casinos must meet the needs of a new generation of avid gamers and gamblers.
Primary Effects of Current Technology on Casino Gambling
Today’s technological advancements have impacted the casino gambling and gaming industry in multiple significant ways. New excitement has been created for gamblers by the Random Number Generation. The presence of RNG in casinos is a constant reminder to patrons that gambling results are random and not manipulated. This instills greater trust in casino game players. They are now engaging in ever-popular games like Roulette and Blackjack slots.
Players have more confidence as they realize that casino authorities are ensuring constant use of the RNG system. Modern casinos use Pseudo-Random Number Generators that require no external data to yield output. They generate numbers using an algorithm and a seed number. Additional technological advancements that are attracting more enthusiastic players to gambling and casinos include the following:
• AR and VR Casino Gaming.
Two contemporary technologies that have grown rapidly in casino use are Augmented Reality (AR) and Virtual Reality (VR). Today, their use is available on smartphones of all brands. With these technologies, users can engage in playing AR/VR games with the aid of a Virtual Reality Handset. This method of gaming enables players to be more deeply focused and engrossed in the gaming experience.
When these advanced technologies are applied in online gaming casinos, users enjoy the virtual equivalent of a real-time experience. They actually feel the immediate rush of excitement experienced in an in-house casino environment. Today, these high-tech improvements are also included in online casino games such as Poker, Blackjack or popular slot games. Online players can now be thrilled by the closest thing to real-time gaming in a physical, offline casino.
• Artificial Intelligence (AI).
The rapidly growing use of artificial intelligence worldwide today is strongly affecting the casino gambling community. Player experience is a major factor enhancing the success of casinos, both in-house and online. The customer care section of online casinos uses chat-bots to address and resolve common questions and concerns of gamers. Two of the most frequent issues resolved are queries about payment withdrawals and site navigation. AI also assists casino game designers in producing high-tech practice games.
• Non-Cash Payments.
With current advancements in technology, online casinos like Slotsformoney.com, now offer a wider variety of payment options. In the past, customer payments in an in-house casino might be subject to money laundering or various fraudulent practices. With the use of cashless payments today with credit/debit cards and cryptocurrencies, players can enjoy fast, safe and convenient transactions.
Previously, in-house casinos exchanged your chips for cash at the slots or table where you played. Today, you are issued a slip that is generated by a Ticket-In-Ticket-Out (TITO) machine. This slip guarantees that your money transactions can be made electronically. This advancement safeguards both you and the casino from possible thievery. Currently, Smart Cards are used in a way that is similar to how you use a prepaid credit card. Once your funds are deposited onto this card from your personal account, you can use it for making secure payments throughout the casino.
Casino Gambling Statistics and Projections from Experts
Statistics reveal that approximately 26 percent of the world’s population engages in gambling. This shows that there are about 1.6 billion regular gamblers worldwide. It also indicates that 4.2 billion individuals gamble no less than once each year. The combined online and offline financial market size for worldwide casino gambling is currently USD 268 billion. The financial value of global online gambling during 2019 was equal to USD 53.7 billion.
Projections from experts are that from 2020 to 2027, this monetary value will increase significantly. The compound annual growth rate (CAGR) of this increase is expected to equal 11.5 percent. The increasing availability of mobile apps for casino gaming is expanding globally, which has greatly enhanced its market’s growth. Other major influences that support a rapid rise in the financial success of online gambling include cultural acceptance, celebrity endorsements and sponsorship of casino gaming by corporate entities.